BALLET ARKANSAS INC

EIN: 710508968 501(c)(3) Arts, Culture & Humanities

LITTLE ROCK, AR

Total Revenue
$1,582,215
Total Expenses
$1,127,044
Total Assets
$2,017,313
Net Assets
$2,010,782
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
AR
Principal Officer
MICHAEL FOTHERGILL
Phone
5012235150
Tax Period
2024-07-01 to 2025-06-30

BALLET ARKANSAS INC, founded in 1978, is a small nonprofit in the Arts, Culture & Humanities sector that reported $552K in total revenue in fiscal year 2017.

Mission

PROVIDE WORLD-CLASS DIVERSE INNOVATIVE DANCE PROGRAMMING AND EDUCATION TO ARKANSAS AND BEYOND.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $333,735
Program Service Revenue $1,076,257
Investment Income $75,440
Other Revenue $96,783
TOTAL REVENUE $1,582,215

Expense Breakdown

Grants Paid $0
Salaries & Benefits $590,781
Fundraising Expenses $0
Program Expenses $951,033
Other Expenses $536,263
TOTAL EXPENSES $1,127,044

Year-over-Year Comparison

2024 2023 Change
Revenue $1,582,215 $1,400,057 +0.1%
Expenses $1,127,044 $946,402 +0.2%
Net Income $455,171 $453,655 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
29
Independent Members
29
Employees
20
Volunteers
250

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANN PATEL PRESIDENT 1.00
Officer
$0 $0 $0
ALAN BAGLEY VICE PRESIDE 1.00
Officer
$0 $0 $0
AMANDA O'NEAL SECRETARY 1.00
Director
$0 $0 $0
DR ANDY TERRY TREASURER 1.00
Officer
$0 $0 $0
MEGAN HALL VICE TREASUR 1.00
Officer
$0 $0 $0
DR AMY GALDAMEZ MEMBER 1.00
Director
$0 $0 $0
CHRISTOPHER DOUGLAS JOHNSON MEMBER 1.00
Director
$0 $0 $0
ROSS OWYOUNG MEMBER 1.00
Director
$0 $0 $0
SUZANNE BABBIE MEMBER 1.00
Director
$0 $0 $0
JULIE ROBINSON MEMBER 1.00
Director
$0 $0 $0
ELIZABETH MICHAEL MEMBER 1.00
Director
$0 $0 $0
MONICA LO MEMBER 1.00
Director
$0 $0 $0
ANGELA ROWE MEMBER 1.00
Director
$0 $0 $0
ROBERT O'NEAL MEMBER 1.00
Director
$0 $0 $0
MICHAL HARRIS MEMBER 1.00
Director
$0 $0 $0
STACEY SEBREE MEMBER 1.00
Director
$0 $0 $0
JUSTIN BANK MEMBER 1.00
Director
$0 $0 $0
MATTHEW SEWELL MEMBER 1.00
Director
$0 $0 $0
ABBY JENNINGS MEMBER 1.00
Director
$0 $0 $0
ERIN RUSSELL MEMBER 1.00
Director
$0 $0 $0
DEBBIE DAVIS MEMBER 1.00
Director
$0 $0 $0
LISA BRUMLEY-HANEY MEMBER 1.00
Director
$0 $0 $0
RACHELLE MAASS MEMBER 1.00
Director
$0 $0 $0
CHARLIE MOULTON MEMBER 1.00
Director
$0 $0 $0
ELIZABETH IRBY MEMBER 1.00
Director
$0 $0 $0
SARAH MATHEWS MEMBER 1.00
Director
$0 $0 $0
CATHERINE FOTHERGILL EXECUTIVE DI 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,582,215 $1,127,044 $2,017,313 $455,171
2024 $1,400,057 $946,402 $1,559,978 $453,655
2023 $1,061,846 $684,283 $1,108,250 $377,563
2022 $993,614 $557,235 $727,300 $436,379
2021 $340,358 $299,698 $292,584 $40,660
2020 $577,267 $506,002 $299,486 $71,265
2019 $758,795 $591,474 $194,838 $167,321
2019 $758,795 $591,474 $194,838 $167,321
2018 $552,054 $541,064 $50,132 $10,990
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